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- Jul 7, 2016
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If anyone could shed some light for me, I'd much appreciate it!
I'm not a doctor, but my father is Ob/Gyn. He's 70 years old and has been practicing for 47 years. He has his own practice and was working up until a month and half ago when he collapsed. He's going to be out of work for the next 5 months. I thought it would be a good idea for him to retire now and sell his practice, but he tells me that his practice is not worth anything. Is this true?? I'm a dentist and I know when dentists sell their practices it has a value, but he is telling me that his practice will not sell for anything. It's hard to wrap my head around that.
I'm not a doctor, but my father is Ob/Gyn. He's 70 years old and has been practicing for 47 years. He has his own practice and was working up until a month and half ago when he collapsed. He's going to be out of work for the next 5 months. I thought it would be a good idea for him to retire now and sell his practice, but he tells me that his practice is not worth anything. Is this true?? I'm a dentist and I know when dentists sell their practices it has a value, but he is telling me that his practice will not sell for anything. It's hard to wrap my head around that.